We're seeking a dynamic Correspondent Lending Manager to lead our correspondent lending division. This role requires both strategic oversight and hands-on management, ensuring that our correspondent lending operations run efficiently, comply with all regulatory requirements, and maintain the highest standards of quality. You will play a key role in shaping our correspondent lending infrastructure, developing workflows, and managing relationships with third-party fulfillment partners.
Key Responsibilities:
Develop and Implement Workflows: Design and implement correspondent lending workflows, SOPs, SLAs, checklists, and QC measures to ensure high-quality and efficient loan processing and delivery.
System Optimization: Regularly assess and optimize correspondent lending systems to ensure smooth file flow, high quality, regulatory compliance, and operational efficiency.
Third-Party Management: Oversee day-to-day operations with correspondent lenders and fulfillment partners, ensuring consistent loan delivery and adherence to high-quality standards.
Performance Monitoring: Define and monitor productivity standards and performance goals, ensuring they are met on a monthly, quarterly, and annual basis.
Quality Control: Conduct second-level reviews, manage exceptions, and handle escalations to ensure on-time loan funding and adherence to quality control measures.
Pipeline Management: Actively monitor and manage the lending pipeline, stepping in as needed to troubleshoot and clear any obstacles to ensure seamless file closings.
Collaboration: Work closely with loan officers, processors, underwriters, closers and funders, and management both at Loan Factory, and with lenders, to identify and resolve any issues in the correspondent lending process.
Compliance Oversight: Maintain a comprehensive understanding of correspondent lending regulations to ensure all processes comply with federal, state, and regulatory guidelines.
Training and Development: Provide technical and regulatory training, recommend areas of improvement, and conduct ongoing training to ensure team members are up-to-date with industry best practices.
About You:
Industry Expertise: Possess expert-level knowledge of the entire mortgage process, particularly in correspondent lending, closing, funding, post-closing processes, including detailed knowledge of warehouse funding lines and secondary markets, as well as all regulatory guidelines related to residential mortgage lending.
Leadership: You are a visionary leader with a clear perspective on building scalable, modular correspondent lending infrastructure. You are comfortable operating in a highly regulated industry while optimizing for performance.
Innovative Problem Solver: You are proactive in surfacing issues, leading discussions around long-term solutions, and managing temporary workarounds if necessary.
Requirements:
Experience: 10+ years in the mortgage industry including 5+ years recent experience working at a broker and managing correspondent lending channels, with a deep understanding of closing and post-closing processes across wholesale, correspondent, and direct lending platforms, including experience with Conventional, Jumbo, NON-QM, and Government loans, purchase and refinances.
Knowledge: Understanding of RESPA and all compliance regulations surrounding disclosures, fees, cures, and closing documents
Proven Track Record: Demonstrated success in developing and implementing workflows, training materials, SOPs, SLAs, and QC measures for correspondent lending operations.
System Proficiency: Skilled in configuring and optimizing lending systems for efficiency, quality, and compliance.
Team Leadership: Proven experience in managing and leading decentralized teams, ensuring high performance and collaboration across remote environments.
Third-Party Management: Experience in the management of strategic third-party fulfillment partners within the correspondent lending space.
If you are a visionary leader with a passion for optimizing lending operations within a fast-paced, highly regulated industry, we encourage you to apply and join us in redefining the future of mortgage lending at Loan Factory.
Job Type: Full-time
Compensation and Benefits:
Salary range of $120,000 - $150,000 per year and comprehensive benefits package (health, dental, vision, 401k, sick leave, PTO)
Opportunities for professional development and career advancement.
Dynamic and collaborative work environment focused on innovation and excellence.